Mortgage Rates Mostly Hold Last Week’s Gains

Mortgage rates were s teady to slightly higher today, largely maintaining the improvements seen last week. Underlying financial markets were calm and very few lenders adjusted rate sheets during the day. Last week’s gains happened all at once on Friday. They fully erased an entire week’s worth of rising rates. That said, most of the […]

Mortgage Rates Highest in 2 Weeks

Mortgage rates moved moderately higher again higher today, as global financial markets continued reacting to recent geopolitical flashpoints (like the French election, discussed yesterday). Markets are also moving in anticipation of future flashpoints (like tomorrow’s tax reform announcement). In general, investors have piled back into riskier assets like stocks because the French election reduces long-term […]

Mortgage Rates Erase Last Week’s Losses

Mortgage rates fell somewhat significantly today, fully offsetting last week’s rise. Specifically, today’s average rates are back in line with those seen on Friday, January 23rd (keep in mind, however, that rates were slightly lower last Tuesday before moving appreciably higher through the course of the week). Bond markets (which dictate mortgage rate movement) were […]

Mortgage Rates Lowest in Weeks

Mortgage rates improved slightly to begin 2017, bringing them to the lowest levels in nearly a month, on average. December 8th was the last time rates were lower. During December, conventional 30yr fixed quotes were straying into the 4.375%-4.5% territory for many lenders. Now, nearly every lender is back down to 4.25% at least, with […]

Mortgage Rates Lowest in 2 Weeks After Treasury Auction

Mortgage rates moved lower today following back-to-back afternoons of improvements in underlying bond markets. Yesterday afternoon was only slightly stronger. It didn’t result in many lenders offering mid-day improvements in rate sheets. Today, however, multiple lenders put out positive reprices after a well-received Treasury auction indicated strong investor demand in the bond market (higher demand […]

Mortgage Rates Erase Last Week’s Modest Gains

Mortgage rates moved higher today, bringing them back into the range that’s dominated the second half of the month. That means the average lender is fairly close to the highest rates in more than 2 years, officially seen on December 15th. There hasn’t been much movement since then, which is not uncommon during the winter […]

Mortgage Rates Lowest in Nearly 2 Weeks

Mortgage Rates were lower again today, after the European Central Bank (ECB) avoided sending any scary signals about tapering its asset purchases. Much like the Fed conducted quantitative easing (QE) in the US by buying US-based bonds, the ECB has been buying various European bonds under its own easing program. In both cases, the effects […]

Mortgage Rates Lowest in Weeks

Mortgage Rates continued steadily lower today, adding to a string of improvements that brings them to their best levels in more than 2 weeks. Rates have now re-entered the narrow “post-Brexit” range that began shortly after the UK’s vote to leave the European Union sent rates plunging toward all-time lows. Our current position is precarious […]

Mortgage Rates Lowest in Several Weeks

Mortgage Rates moved lower today at a slightly better pace than the recent norm. That’s not saying much in the bigger picture, because “the norm” has been almost zero movement in either direction for several weeks. Such a narrow range makes it possible to move from the high end to the low end with relatively […]

Mortgage Rates Highest in 2 Weeks

Mortgage rates remained under pressure today, moving up to the highest levels in two weeks. Financial markets are in the process of undoing some of their defensive maneuvers ahead of this week’s referendum vote on the U.K. exiting the European Union (informally known as “Brexit”). Until last Friday, those maneuvers resulted in rates moving lower, […]